RESPECTABLE START INTO THE YEAR
The Hamburg office market starts into the new year with a solid result. Although the current take-up of 114,000 sqm is around 3% below the comparable value of the previous year, the result is nevertheless roughly in line with the long-term average. With around 90 registered deals, the market was also very lively overall. A higher result was missed primarily because comparatively few contracts have been signed to date in the segment above 5,000 m². Thus, the size class currently contributes around 20% to sales, 10 percentage points less than the long-term average. The biggest deal of the year so far is the lease of 11,500 sqm by a logistics company in a project development in HafenCity. The Centre fringe (32,500 sqm) presented itself as the office market zone with the highest take-up in the first three months of the year. However, demand for attractive modern space in central locations continues to be particularly strong, partly as a result of the efforts of many companies to attract qualified specialists and young talent.